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SForwardtrading
Oct 28, 2018 6:32 PM

BCHUSD: 1 hour bullish divergence but on a decending triangle?! Long

Description

One of the more interesting charts up lately.

So we have 2 conflicting signals:
Descending triangle
1 hour bull div

Naturally trend line > divergence of price with momentum oscillators like the RSI.

You can either enter the trade and hope it breaks up that triangle with a VERY tight stoploss.
OR
You can enter after it breaks above the trendline/descending-triangle.

Option #2 is the safer one because your theory is then validated, but has a larger stoploss because now you are much further from that support area.
Option #1 is the riskier path, you take the trade, AGAINST a descending triangle, your stoploss is shorter, and maybe that decending triangle is just wave 4 if you do an elliot wave analysis.

Comment

Testing trendline.
Comments
WealthHustler
hmm
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